According to Site Selection Magazine, the annual Governor’s Cup takes yearly project totals, which are tracked by the Conway Projects Database, and ranks states based on performance criteria over the past year. Projects must meet one of three criteria for inclusion: a minimum capital investment of $1 million, 20,000 or more square feet of new space, or 20 or more new jobs created.
Five AEP states were included on the list of 2016 Top Ten States by Number of Projects — Michigan (184), Virginia (222), Kentucky (231), Ohio (515) and Texas (642). Texas and Ohio topped the list in 2015, too, landing in first and second place, respectively.
Additionally, four AEP states appeared on the list of 2016 Ten Top States by Projects Per Capita including Virginia (222), Louisiana (169), Ohio (515) and Kentucky (231). Ohio, Louisiana and Virginia all moved up in the rankings from 2015.
Texas is the big winner of the 2016 Governor’s Cup, taking the trophy for total new projects. This is the fifth consecutive year Texas has won the Governor’s Cup and the state’s eighth cup since 2004.
Not surprisingly, many of these new projects came from the petroleum industry, including large projects by ExxonMobil and Raven Petroleum. However, Texas is continuing to diversify its economy with growth in other verticals including high-tech, data processing, pharmaceuticals and financial services.
“Texas’ economic climate, best-in-class workforce and entrepreneurial resilience has once again made the Lone Star State the top destination for capital investment, and I am proud to accept this award on behalf of the men and women who have made our state the beacon of economic opportunity in the United States,” said Gov. Greg Abbott.
Congratulations to all the states who were recognized in the annual Governor’s Cup—be proud of all that you have accomplished in 2016 and continue pressing forward for your communities in 2017.
Are you looking to expand your business in one of these top-ranking states? Check out our list of certified sites and give us a call.
- Site Selection
- State News